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Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. Several management companies provide fractional ownership programs for aircraft, including NetJets, Flexjet, Cirrus Aviation Services, and AirSprint.
Fractional ownership offers an individual or company the option to purchase a share of an aircraft. Shares from as little as 1/16 of an aircraft, which offers approximately 37.5 hours of flight time per year, to 1/2 of an aircraft can be purchased, depending on the needs of the operator.
The Praetor 600 is part of Flexjet's "fractional jet ownership" program. The Praetor 600 is just one of hundreds of Flexjet's fractional owner planes. Taylor Rains/Business Insider
AirSprint is a Canadian company that offers fractional ownership and management of private business jet aircraft. AirSprint was founded in 2000 as the first fractional aircraft ownership company in Canada by current Chairman, Judson Macor. Today, AirSprint operates the youngest fleet of fractional aircraft in North America and is the largest ...
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NetJets is the largest fractional aircraft provider. In 2021 its fleet flew 478,444 hours. [51] For companies or individuals that require less than the minimum 50 flight hours and the five-year commitment of fractional ownership, they can buy flight hours in 25-hour increments via the NetJets jet card programs. [23]
PlaneSense is a fractional aircraft ownership program managed by PlaneSense, Inc. and based in Portsmouth, New Hampshire, United States.As of the beginning of 2020, they managed a civilian fleet of 44 total program aircraft, made up of 36 Pilatus PC-12 aircraft and five Pilatus PC-24 jets.
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